CNN and MSNBC consider cutting out on Trump's virus press conferences due to misinformation, lies, and self-promoting:


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Is it the majority though? The median income in the US is about 31K

Personal income in the United States - Wikipedia

Most people would be making more under the unemployment insurance than by working.

I can see about 1.2 trillion, where is a layout where all 2 trillion is going?

Lets go with that. Those people do make more on unemployment. Is that going to cripple the country? At least that money goes back into the economy rather than buying back stocks.

We give billions to people that already have money, let billionaires get away with not paying taxes, but draw the line at people that don't have much of anything getting something? If $600 a week added to unemployment means people sit at home rather than work then maybe there's a pay issue on the lower to mid levels and not with unemployment.

Eh, I'm in favor of passing the thing but if you're honestly arguing that every job should pay more than $600 a week, all I can say is a lot of industries will cease to exist and you'll have a lot more permanently unemployed people were that the standard. Which it can be argued would be a good thing, but there are quite a few jobs that simply aren't worth that much. Note that I said the job wasn't worth that much, not the employee doing it.

In some areas $600 a week isn't close to enough to live off of. Other areas it's a decent amount of money. However, unemployment isn't a forever thing. The benefits eventually run out. If $600 extra per week is enough to keep someone at home and not working then it's unlikely they're adding much to the workforce to begin with.

I just find the idea that an extra $600 per week is going to have all these poor folk sitting on their couch Scrooge McDucking with their newfound riches absurd. The vast majority will use it the best they can and move on as soon as they can. Not helping those people as much as we can just to stick it to a small percentage of people doesn't make sense to me. Especially when there's usually nowhere near the outcry when it comes to corporate welfare.

I bet most of those people even have refrigerators.

We want them to stay home and research has shown that when they can spend basically all of it will be spent.

Meanwhile, nobody is saying anything about the 3k my family will get when we haven't lost our jobs and combined make a good living.

It's amazing to me how people get in a tizzy that the poor and lower middle class may be getting money from the government regardless of how much economic sense it makes (look up the marginal propensity to consume for those with lower incomes). And yet gobs of money can be fast tracked to massive corporations and it gets barely any pushback nor a closer view on if the amount is ok. Capitalism for the poor, socialism for the rich indeed.


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That's the whole point right now. Don't work, stay home and don't overwhelm the hospitals in the next month or two. Here's some money so you don't starve homeless in the intermediate. Graham, Sasse, and company are stupid or evil.

It also seems worth noting that a significant number of these unemployed folks are going to either get sick or care for sick family, and for those folks $600 a week won't feel the slightest bit extra.

I can not believe that McConnell is sending the Senate home for a month with no provisions for remote voting. It's Trump or nothing, I guess.

One down. Pelosi's turn next.

They are still way too slow in allowing EBT purchases to be made from the popular grocery delivery apps. Grocery stores are going to get killed next week when food stamps hit. In the poorer areas people are going to need to find rides and that’s just going to encourage more unnecessary mingling.

And again, you don't get unemployment if you quit. So what's your point here? You just hate poor people that much, or what? This isn't social security, your amount shouldn't be limited by how much you've paid in tax wise. This is a national emergency where experts have come out and said the GDP is going to contract by 25% in a single quarter! Maybe instead of worrying about social darwinism for once, they can just let the poor people have this ONE FUCKING THING.

I believe there is a provision to get this if you quit because of the coronavirus. So yeah, some people are going to take advantage of it unnecessarily. Others are going to use this out because of legit reasons (e.g. taking care of ill family member).

I haven't seen any calculations but on the whole, I lean towards not letting this get in the way.

BTW - I am surprised that they were able to agree businesses owned/controlled by Trump & family & some others won't be eligible for aid. My gut tells me there'll be some sort of loophole somewhere that someone finds. I am conflicted by this and think it could have been done with some specific controls.


EDIT: Maybe not part of the bill but was a previously relaxed provision.

https://www.businessinsider.com/unem...qualify-2020-3

3.2 million first time unemployment claims last week. Large amount from the hospitality industry.

Honestly, how many people that quit because of Covid 19 are walking away from high paying jobs? I would venture not many and for those people they are taking a huge pay cut.

The people that "may" do this are working low pay, little future jobs and of anybody in this country they deserve it the most. It's laughable that people worry about poor people getting a few extra scraps when many of them have been exploited and had to struggle for years. Yet fuck sticks like Lindsey Graham, who had no issues voting for massive tax cuts for the wealthy and big business now want to take the financially responsible high ground?

Yeah that and likely just the beginning I fear. Supermarkets are still shockingly low on items as of yesterday too. But hey the market is up so guess it is all well since that is all Cheato in the WH cares about.:(

Not necessarily true. It does vary greatly by part of the country. I'm personally in the low-paying bracket, I don't think I deserve it, and I'm currently struggling with how best to deal with that. Most likely it will be putting some of it back into the economy at some point.

The expanded UI benefit alone in my part of the country is almost as much as you make for managing a restaurant. I've made significantly less personally as a salaried assistant manager. It's more than what you make for running, for example, a coffee shop, a cell phone store, most physical labor jobs in a factory/warehouse, etc. There are relatively few people in my area for whom it would not effectively be a raise.

1. Is the fed benefit a new max, or is it on TOP of existing state maxes?
2. Is unemployment income taxed?

1. On top of
2. Yes

The white around his eyes really freaks me out. The orange tint of skin with those white circles. Weird.

Happens with literally every social program or "entitlement". That some people exploit the system. This is bad, but some multi-billion dollar company that exploits the system is celebrated for how few taxes they have to pay.

Your whole mindset is ridiculous.

I shared some updated info re: your belief that people that quit won't get this benefit. And you seem to have missed this

Not that I'm complaining but why is the stock market up today after the record unemployment?

because it has no basis in reality

Because the market could care less about the average Joe.

Just give it 2 weeks of continued virus spread and climbing global death rates.

That will end the “euphoria” around the socialist legislation that passed.

Oh and the markets have no basis in reality like Carr an said.

I think you can make an argument that the record unemployment is already baked into the previous declines, and that the boost is based on the Senate deal. Biggest surprise to me is that the unemployment number wasn't higher. It's going to be, but 5m at this stage wouldn't have shocked me.

Primarily it is about if this was already factored into the assumptions that drove the traders price expectation. It also sometimes can be a pre-curser to other actions that will make stocks more attractive relative to cash/bonds.

True, it is not a one size fits all, but to me you do deserve it, especially with the plan of putting it back into the economy, which is the purpose of this. I still honestly have no issues with people putting off going back to work when this is done for a few weeks if this helps them get back on their feet or even a little ahead. Government is constantly doing things that benefit the wealthy, who don't need it. I have zero issues with the "little guy" getting a break they are not normally afforded. Especially if it helps in any way with the economy.

@POSTrump

Tomorrow or Saturday you'll finally beat China at something.

coronavirus check calculator:

https://www.washingtonpost.com/graph...ational&wpmk=1

A brief interlude back to pre-coronavirus news.

A little too late IMO ... unless this is a precursor to a Panama-like invasion to pluck the guy out. It just doesn't seem that we have a plan to get him out other than words and minimal support of the other guy.

U.S. Charges Nicolás Maduro Of Venezuela With Drug Trafficking : NPR

Canada is pissed that Trump wants to put troops on the border.

Guessing half a trillion in bailouts coming their way helps.

Beware our sternly worded missives.

I'm sure we care about narco-terrorists.

Walmart Was Almost Charged Criminally Over Opioids. Trump Appointees Killed the Indictment. — ProPublica

Nothing like a virus to expand the wealth gap

Man, I wish we had a like button.

I did get a MAGA hat offer from the Trump campaign today in the mail. Such is the life of a registered republican that hates the party system.

One of the many wacky things about the Trump presidency experience is you can also use real videos to express such things.

His breathing seems to be pretty labored during this presser.

that happens when you're a zombie

https://www.cnn.com/2020/03/25/polit...ent/index.html

https://www.nytimes.com/2020/03/25/u...rorism-nj.html

I was wondering when the discussion about the "intentional" spread of CV-19 begin. I had not given any thought to the terrorism piece. I was thinking more along the lines of the intentional transmission of STIs. My initial reaction is negative just because of the way I have seen that law be used in the past and I have not wrapped my head around CV being a biological agent. But I also read that that white supremacy groups reportedly are being told to target Jews and police officers to get them sick.

Sidenote- The lengths we go to in order to be THAT guy. Sheesh.

This genius is from the town I grew up in. A friend of mine used to work for him, he was a manager at a tavern there. She said he was literally the biggest asshole she ever met.

Not sure I have ever seen anything quite so narcissistic


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NY won't get ventilators because Trump thinks they're lying.

What a horrible fucking human being.